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Search Results 0 to 49 of about 59 (some duplicates have been removed)
revenue is needed to bring down the deficit but believes it can be done without another tax hike. speaking to cbs news anchor scott pelley yesterday, the president said the u.s. can reduce its deficit by closing tax loopholes and making what he calls smart budget reductions. >> if you combine those things together, then we cannot only reduce our deficit, but we can continue to invest in things like education and research and development that are going to help us grow. >> well, today the president travels to minneapolis where he'll push for proposals to gun control durs his visit. susan mcginnis is in washington. good morning. >> good morning. this will be the president's first trip outside washington to push his gun proposalproposals. he's pushing for a big rally in support of this. in the meantime the senators are said to be preparing their own legislation very similar to the president's employee posal but conspicuously absent is the assault weapons ban. he takes his pitch for gun safety to minneapolis today. he wants congress to require universal background checks, limit how many bullets
there is a better way to reduce the deficit. he's calling for cuts and reforms that will put us on the path to balancing the budget within ten years. you can see it live. we're keeping an eye on the white house. we'll bring you the president's remarks as soon as he gets to the podium. >>> we are tracking a developing story on new details from the justice department that seem to lay out its case for killing u.s. citizens if they're determined to be a terror risk. the memo first reported by nbc addresses issues raised after recent drone strikes including the one that killed american born al-qaeda leader, but now a bi-partisan group of senators says it wants to know why they were never briefed on what is apparently new presidential authority. chief intelligence correspondent kathryn her image is live with more. >> reporter: this letter signed by eight democrats and three republicans urges mr. obama to produce a highly classified memo that authorized the targeted killing program so that, quote, congress and the public can decide whether the president's power to deliberately kill american citize
advising, we can replace the sequester with a smarter strategy that is a more gradual deficit reduction plan. he's going disagree with the republicans on how to do that. he's going to want revenue to be part of it. republicans will say no thank you. >> we'll get the president if a minute and a half. white house gave us a two-minute warning. i would say it's a short-term for the president and the congress not doing what they're supposed to do pass a budget every year. the president set up the sequester, a fiscal negotiations -- >> this is not a natural disaster. >> it's not a natural disaster. >> man-made. >> many ways the president's late submitting his own budget but coming to the podium because though he's part of the mess he thinks he has the upper hand. >> right. i'm having a world is upside down moment. when you talk to house republicans they say to you, you know what? this may be the best budget cuts we can get. let the sequester take effect, even if it cuts the military, the secretary and defense, leon panetta saying that would be shameful. but you have a lot of house republicans
. republicans are winning the battle, wouldn't you say, when it comes to balancing? over two-thirds of deficit reduction has come from cuts to domestic programs, and it's not exactly fair. but now the house progressive caucus has come out with what they call the balancing act. it's a common-sense plan to reduce the deficit by closing tax loopholes and cutting wasteful defense spending. here is the chart of the plan. there is $1.7 trillion in new revenue. the $1.7 trillion in spending cuts is still there. this looks like a much fairer chart than the current system, don't you think? and it's estimated to reduce the deficit by $3.3 trillion. remember, we're trying to hit $4 trillion. so we're getting closer. the plan ends tax loopholes for yachts and for jets. it reduces the corporate meal and entertainment deduction to 25%. you can't write off the whole dinner anymore. it ends fossil fuel subsidies for oil companies that are raking in massive profits. exxonmobil, you know what their profit was? $44 billion in 2012. the last thing they need right now is your tax dollars as subsidy. the balancing
. >> they need to make cost-cutting measures. i mean, they've been running in the deficit for quite a while. >> you know, those folks look like just hard-working knowledgeable americans that care about the country. but they're so wrong. it's not about e-mails and it's not about ecommerce. it's about the republican party destroying the middle class in this country. and i wonder how many of those folks right there who don't rely on the post office, how they're going to feel when their netflix deliveries are delayed. what? they're not here for saturday night family movies? that's right. people definitely take the post office for granted. most everything americans know about the post office is absolutely wrong. they haven't paid attention to the story. and into the mainstream media, here we go. this morning, the "washington post" is telling people that the post office suffered tens of billions of dollars in losses in recent years with the advent of the internet and ecommerce. really? plenty of other media outlets. well, they are taking their information directly from the republican talking poin
take effect if there is no long-term agreement to reduce the deficit. those cuts would take a bite out of military spending and domestic programs, including a 2% hit to medicare. danielle nottingham, cbs news, the white house. >>> they are coming to california because this is where it is. he is not going to lubbock or wherever the places are that make up that state. >> those other places. [ laughter ] >> governor brown takes aim at texas. why he is going toe to toe with the lone star state. >> it's cleanout time. the 49ers report one more time to empty their lockers. coach harbaugh's final thoughts on the season. >> good evening to you, meteorologist paul deanno. we could use some rain around here. we really need snow in the mountains. the snowpack is dropping. we are now down to 83%. there is no rain coming from those clouds right there. but there is some rain in the extended forecast. find out when it will arrive coming up. >> and potent mixer. the reason diet soda and alcohol make for a more dangerous concoction. k-p-i-x 5's len ramirez t
about deficits, we are buying in to the right wing mantra somehow deficits are killing the economy. look at great britain and doing with their austerity plans and doesn't add up. i'm much more of the mind to be proactively looking at infrastructure investment like many of the business advisers told president obama should happen. people from commerce, from industry. i get it. that won't happen as long as house republicans are dead set against it. and what we're left with is unfortunately in my view a detente to put the discussion in the frame the republicans want. what about deficits? we have a jobs crisis in this country. not a deficit crisis. to me, the whole conversation has been pushed to the right further than it should be. >> and karen, on a last note, in anticipation of the president's speech, the white house released numbers on the people affected by the cuts. i believe around 600,000, between 600,000 and 800,000 suffering as a result of cuts to food stamps and other program that is people need to survive these days and at least some of the analysis out there, democrats feel that
a debate whether we take a balanced approach to deficit reduction as you described. one that asks the wealthiest americans to pay a bit more while making sure we reduce spending and make responsible spending cuts without cutting the legs out from under the economy. and i'm sure mr. bernstein would agree that as the economist i heard when i was a member of the budget committee repeatedly say that you can't cut so much so fast because in a recovery that is already more fragile than we'd like to see, you want to make sure you don't slow or stall that recovery. that's what the republicans are risking. it's really -- you know, i wish and i know that americans across the country wish that there would just be a massive outbreak of responsibility in the republican conference so that we could bring them to the table, sit down, and work together to avoid massive spending cuts which they seem willing to allow to happen. >> a massive outbreak of responsibility. wouldn't that be a great occurrence? let me ask you, jared. you may agree, but senator mitch mcconnell clearly doesn't seem to agree.
: the dow hitting 14,000 with nicole on the air. this is a snapshot of just how bad our deficits are going to be over the next ten years. dagen: rich edson is live in washington, d.c. rich: $1.1 trillion, that was our deficit for 2012. this is the most recent projections by the office. this year, a budget deficit -- the decade production was $2.26 trillion. these numbers will be much different. much worse. it must examine the budget as if congress does absolutely nothing. and current policy continues. we have had some changes. mainly that built that passed congress earlier in the year. millions of middle-class americans do not have to pay the amt. it also changed the estate tax bumping down the rate of little bit lower than what it had been over the exception of little bit higher. the numbers we just show you, the real numbers will be much worse. we will find out at 1:00 o'clock. back to you. dagen: are we going to be in a statement from the white house at 1:15 p.m.? rich: he will talk about the sequester. he will push for congress to pass a smaller package of spending cuts and tax reform
an economic value of negative $16.3 billion. that is basically a deficit in its capital reserve because of mortgages continuing to go bad. but one fha critic, ed pinto, of the american enterprise institute testified today by his analysis the fha is actually short by more than $50 billion. so critics say that this means the fha is headed for a bailout but, fha supporters say that the critics are hyperventilating. >> if the fha were a private financialness stigs likely somebody would be fired, somebody would be fined or the institution would find itself in receivership. instead it is merely merrily on its way to becoming the recipient of the next great taxpayer bailout. >> i don't think there are many independent people think we're looking at the next great bailout. yes, the fha is little bit of an issue at the moment because of its countercyclical mission, by the way it was part of a their original mission to come in during the difficult times. they did that and they are in trouble because of it. >> reporter: house republicans got legislation through congress last year to try to reform t
to the deficit. on that list of attendees for that meeting include marshall fitz from the center for american progress. ben jealous from the naacp and richard from the afl-cio. later in the day the president is meeting separately with a group of business leaders. that includes lloyd from goldman sachs, from yahoo and kent from coca-cola. congress has the next three and a half months to run up the deficit as much as it wants. the house and senate extended the debt ceiling. president obama has signed the no budget, no pay act of 2013. not only does that put off the nation's debt obligations until may 18th, it also withholds pay for a number of congressmen and womenless women unless they pass a budget by april. >>> eight senators have voted to block the violence against women act. that bill would protect victims of domestic violence and this particular version extends that care to illegal immigrants, native americans and lgbt members. senators who voted against considering that bill include ted cruz, marco rubio and rand paul, all republicans. more bill's up next. stay with us. to me now? you k
and the deficit and debt crisis, everyone is entrenched in their positions and sitting back and saying, i think sequestration is going to happen. you know who is going to take the brunt of it. the across the board nature of the cuts are going to hurt our ability to train and maintain, vehicles, ships and airplanes and the things that provide the readiness for our military are going to take a dramatic cut and we'll have done nothing to reform the way we spend money and put our country on a sound physical track. >> of course, pete, as we talk about cutting back, our enemies are ramping up and you see north korea doing more testing and iran moving possibly closer to nuclear weapons. do our enemies overseas pay attention to our budget woes and our plans here at home? >> sure they do. they look at our capabilities. they look at our disposition. they perceive us differently when we're perceived to be drawing back and pulling away from the world and cutting our capability. so, what happens in washington is watched very, very closely and that's why we have to demonstrate our commitment to maintaining t
: this year's federal budget deficit will fall below a trillion dollars for the first time since president obama took office. the congressional budget office projected today the red ink will be roughly $845 billion. it was $1.1 trillion last year. the c.b.o. attributed the decline in part to new tax hikes and to automatic spending cuts scheduled to take effect in march. but it said those same factors may also hold back economic growth. personal computer maker dell has announced it's going private. the company detailed a $24 billion buyout of stockholders today. it's the largest deal of its kind since the great recession. dell has been publicly traded for nearly 25 years. but sales have waned as consumers have shifted towards smartphones and tablets. britain took a major step today toward legalizing same-sex marriage nationwide. the house of commons voted more than 2-1 to legalize the practice. that's despite sharp divisions in the ruling conservative party. prime minister david cameron acknowledged the split, but supported the bill. >> i think it's delight gay people should be able to get
deficit disorder. there is no word on exactly how the 65 year-old gunman died. >> a former navy seal sniper was one of two men killed at a shooting in a remote gun range in texas on saturday. chris kyle --known for his record number of kills as a sniper was shot and killed at a gun range in texas. veteran chad littlefield was also shot and killed. police say. eddie ray routh. admitted to shooting both men. after a short chase. police arrested routh. routh spent four years in the marines and was unemployed at the time of the shooting. investigators are still trying to figure out a motive. >> meantime. gun control returns to the spotlight. as president obama hits the road. trying to sell his plan to reduce gun violence in america. grant lodes is follwing this story. and tells us how the president is pushing his cause. grant? >> it almost seemed like mister obama was back on the campaign trail today. he flew to minneapolis.meeting with local government and law enforcement leaders. then the president spoke about ways to reduce gun violence.stressing universal background checks and a ban
appropriations committee yesterday we learned that we're actually making progress in getting the budget deficit to shrink below a trillion dollars. which you have saluted as good news. >> you know, a lot of people forget what president bill clinton did. if we would have just continued what he did back when he left office, we would have been -- we had a surplus. we wouldn't be in this situation. but bottom line is the deficit is i believe it is the lowest in some time in 2008. we ought to be celebrating we're actually moving the target down. it is moving down instead of going up. but nobody has picked up. i'm glad she picked that up. bill and victoria, thank you for telling the listeners that president obama and all of us working together, we're actually bringing down the deficit. >> bill: the deficit's going down and the market the dow is going up. so there is some good economic news that you never hear about except here on the "full court press." congressman henry cuellar great to have you with us this morning. >> thank you, bill and victoria. >> bill: we'll be back to continue our conversatio
deficit with china felt by quite a bit suggesting strong american manufacturing and exports. now it's good news, but it doesn't gibe with the latest gdp numbers we have showing that the american economy has contracted. so economists are going to have to go back and figure this one out. those discouraging gdp numbers could very well be wrong. >>> a decent day on the markets. it's been a peculiar week this week, a lot of up and a lot of down. linkdn doing well after blowout yesterday. >>> and the power company that provided electricity to the louisiana superdome said it figured out what caused the power outage during the super bowl. it wasn't hackers, beyonce, it was just a bad relay. sometimes the explanation turns out to be a bit routine. a thing-ga-ma-doo quit working. >> fun to think that beyonce blew out all the lightsp. >> scott mcgrew talking about a thing-ga-ma-doo. >> technical term. >>> a live look. beautiful clear skies more or less here over san francisco. this is the clearest it's been all day. so mostly sunny here. let's show you san jose now. oh, yeah, we're still dealing with
deficit. >>> it's another first tied to the catholic church abuse scandal. the archbishop of los angeles ordered roger mahony to stop performing any public church duties because of his connections to that scandal. this game after the archdiocese released private files of priests suspected of molesting children. the decision on this came yesterday after years of lawsuits and very emotional legal battles. it has support of the nearly 4 million catholics. >> i think it's good that the information is coming out. >> yes. secrecy is what keeps the abuse going. >> back in 2007, the archdiocese was involved in a record-breaking civil settlement in the church scandal. it reached a $660 million settlement with more than 500 victims of child molestation. >>> a traffic safety program for children in the san ramon valley is kicking off its 9th year. street smarts was started by bob and carmen after their two children were killed by an impaired driver in 2003. the goal of streets smart is to educate drivers, bicyclists, and pedestrians about road safety. students participate by creating story books, a
in order to bring down our deficit. if you combine those things together we cannot only reduce our deficit but we can invest in education and research and development that will help us grow. martha: what do you think about that at home and what does karl rove think about that. former senior adviser to president george w. bush. there was a lot in that sound bite. we know the tax hikes have kicked in, but the president is suggesting that we need more money from the american people essentially. >> we have a spending problem not a revenue problem. revenues this year are anticipated to be above the year they were in fiscal '08. they are going to be over $2.9 trillion over $2 trillion. spending has increased more rapidly than revenues. the tax revenues we got as a result of raising the rates on the top two brackets was eaten up about it congress in one spending bill proposed about it administration, the sandy relief measure. we have a spending problem and it's going to get worse. martha: during the campaign we heard from governor romney about changing the structure of the tax code long term inst
. and, norah, even the president has endorsed this move in the past. it was part of his deficit reduction package last year. >> nancy cordes, thanks. >>> john brennan is said to make his case on capitol hill but a leaked memo will complicate tomorrow's hearing. it spells out the case for killing americans linked to terrorism. bill plante is at the white house. bill, good morning. >> reporter: charlie, good morning. the unclassified memo was written by the justice department and sent to some members of congress last summer. it was never intended to be sent to the public, but it was leaked. brennan is the architect of the drone program and now the leak has the white house on the defensive. administration officials argued forcefully tuesday that the targeted killing of terrorists who are american citizens often by drone strikes is acceptable policy in the battle to keep america safe. >> these strikes are legal, ethical, and wise. >> we only take these kinds of actions when there is an imminent threat and when we're confident it's doing so that's consistent with international law. >
: this morning, president obama is calling on congress to put aside their differences to reduce the deficit and promote economic growth. >> what we need instead is balanced approach. of course, let's cut what we can't afford but let's make the investments we can't afford to live without. the things that will help america compete for the best jobs and new industries. >> carolyn: president says the economy is poised to expand this year after 2.2 million jobs were created last year. republicans say this is the chance for congress to begin balancing the nation's checkbook jumpstart go the economy and restoring faith in our government. >>> energy secretary steven chu is stepping down. the former head of the berkeley lawrence lab drew a lot of fire but as political reporter mark matthews, he also drew a lot of talent to the department as he worked to reshape its mission. >> at the white house, president obama thanked him for his service. >> he has been a great friend over the past four years working on energy issues but also designing a cap to plug a hole in the gulf of mexico when nobody else co
they have previously accepted to help limit layoffs during record budget deficits. city leaders indicated they would support modest raises but the police officer association argued bigger raises are needed to keep the officers from leaving the department. the union has also called for opening negotiations to the public. >> the boy scouts of america could vote soon on whether to lit a policy that excludes gay members and leaders at the headquarters in texas. the proposal would allow individual troops to decide how to address the issue. a conservative group in texas organized a prayer vigil for this morning. the organization is expected to issue a statement today either way. >> the nasdaq exchange could be paying millions over facebook's botched initial public offering. the "wall street journal" reports that nasdaq is in talks with the government to pay $5 million in penalties, only 1 percent of the money lost by brokers and investors. last may, on the morning of the i.p.o. technical problems delayed the trading of the facebook shares and the nasdaq is offering to compensate customers $62 m
. >>> just a few minutes ago the commerce department reported a u.s. trade deficit sank nearly 21% in december to $38.5 billion. that is the biggest drop in four years. analysts expected it to drop but not by that much. >>> the wall street journal reports u.s. airways and american airlines could announce a merger as early as tuesday. some are scheduled to meet on monday and the boards could meet later that same day. analysts say both airlines would benefit since they have few over lapping roots. >>> time now 5:52. court arguments over a bay area suicide. how first responders are defending themselves. >>> a new day a new tattoo for 49er star quarterback colin kaepernick. what he says the design represents. >>> a few showers around. partly cloudy and a cool breezy day. highs in the low 50s. >>> a judge may decide today if a family of a drowning man can sue the city of alameda. this incident happened memorial day 2011. it made nation-wide news. raymond zach died on a beach in alameda as rescuers watched him on shore. they could not help the man because they were not certified in wate
. >> the spending, especially the deficit, that needs to be under control. >> you really believe that? >> i have my concerns but i do believe we have a president that is at the helm of this nation and will steer it in the right direction. >> is it cold in here. >> not to me. >> temperature is -- >> why are you wearing a pink shirt. >> i'm trying to fit in here. it's flesh colored. >> i don't want to get naked in front of another man. >> a lot of spending and a lot of debt. are you concerned about that? >> i think that. [crickets chirping] >> um. >> i don't have a lot of money to begin with you about i did vote for obama. >> we're down right now as a country. we will come back. >> we need to get back to we the people. less government. >> we are doomed, doomed, doomed the next four years. >> i don't know if it's really record spending. i'm not really sure about that >> is there anything about the president that concerns you? >> i think he is trying to bring the country into the right direction. >> i'm a little concerned about the gun control issue. everybody in florida wants their guns. in crickets c
share. >> the fact is though, we can't finish the job deficit reduction through spending cuts alone. >> yes, we can. [ laughter ] >> we can. >> john: now, that is romance. before we go tonight. one more look at the radar on the scene from boston as the huge storm is getting ready to wrap you up. expected to dump as much as 3-foot of snow in massachusetts and new england. we at fox will be watching this closely. we have complete coverage for you this evening and again tomorrow as new england starts to dig out. that's it for "special report" for tonight. i'm john roberts in for bret baier. good night from washington. "the fox report" is next. >> shepard: this is the fox report. tonight, pictures from massachusetts. waves crashes as a major winter storm moves into the northeast. plus, any minute now we're expecting law enforcement to updates us on this manget the manhunt for this excop accused of killing three people and promising to kill many more. we will bring that to you live. plus, the secret service looking into who apparently got into the email accounts of the bush family. but f
to reduce the deficit. those cuts would take a bite out of military spending and domestic programs, including a 2% hit to medicare. danielle nottingham, cbs news, the white house. >>> president obama is planning a major overseas trip. for the first time since becoming president, mr. obama will travel to israel. it will happen in the spring. the president will meet with israeli prime minister benjamin netanyahu. reportedly as early as march. the two leaders have had a rocky relationship. the white house says the trip will be an opportunity to reaffirm ties between the u.s. and israel. president obama will also visit the west bank and jordan. >>> the military is poised to extend some benefits to same- sex partners of gay servicemembers. u.s. officials say they are likely to include health and welfare programs as well as access to on base stores and services 16 months after the pentagon revealed the ban on openly gay servicemembers. an announcement is expected in the next few days. >>> britain is one step closer to legalizing gay marriage. a bill th
it was part of his deficit reduction package last year. >> nancy cordes thanks. john brennan is said to make his case on capitol hill to become cia director. leaked memo spells out the link for americans being killed because of terrorism. >> reporter: good morning and good morning out west. that unclassified memo was written by the justice department sent to some members of congress last summer, never intended to be made public but it leaked this week. most likely because the senate is holding hearings tomorrow on the nomination of john brennan to head the cia. he's the architect of the program, and the leak now has the white house on the defensive. administration officials argued forcefully tuesday the targeted killing of terrorists who are american citizens often by drone strikes is acceptable policy in the battle to keep america safe. >> these strikes are legal. they are ethical and they are wise. >> we only take these kinds of actions when there is an eminent threat when capture is not feasible and when we are confident we're doing so in a way that's consistent wi
ceiling, which does not one thing to add to the budget deficit. not one nickel of spenning, it's agreeing to pay the bill. we waited seven months and threaten ord credit rating. the american people are sick of that. they want action. they want their taxes low, as we just saw happen reinly in avoiding the fiscal cliff -- which came as i might add through bipartisanship. the republicanses came through with the table to what obama proposed and he compromised with raising it to the $4,000 level. that's the action that people want to see. >> speaking of our president, he said during obamacare, oh, you're premiums wouldn't be raised. sorry, david. that's exactly what we are seeing -- >> when 2014 comes along -- [overlapping dialogue] >> americans are not able to keep their health insurance. another thing the president promised. >> i have to say, after an absence of david being out, with personal issues and health issues, we are glad to see you back. >> it's a pleasure to be back. >> happy to have you both. >> a bus transporting a philadelphia youth group rammed into a boston-area bridge, injuri
trade deficit narrowed sharply in december. stocks are also boosted by strong earnings reports. the dow up 62. the nasdaq is up 26. >>> the united states justice department is considering a lawsuit against moody's for defrauding investors. it's sources say the government could wait until that has worked its way through the courts before taking action against moody. both services accused of inflating the ratings of some mortgage bonds to drive business leading to the subprime meltdown. >> will -- the gains are look for another sweep. pam cook is in studio now with what goes on outside the ballpark. >> reporter: that's right. the giants are asking you to join the team in another big sweep. >> the giants have won it all. playing off the sweep in the world serious they are teaming up with public works to clean up the streets of san francisco. san francisco has been voted one of the dirtiest cities in the country and if you have been there recently or live there you know there is a lot of trash on the streets. the mayor is revealing the detail this is morning of his plan to go after the k
momentum in san francisco's favor. the 49ers came nearly all the way back from a 22-point deficit, closing to within a touchdown in the final moments of the game. but san francisco would fall just short. losing 34-31. it was jim congratulating older brother john, as the brothers harbaugh reunited on the field. it was a first super bowl win for michael oher, whose story we all saw in the book and the movie, "the blind side." after the confetti has fallen -- >> from nothing a super bowl champion, i'm in shock right now. >> oh, we won the super bowl! >> reporter: and a second ring for ray lewis in what he has said would be the final game of a 17-year career. >> baltimore, we're coming home, baby! we did it! >> reporter: just how much did the blackout affect the game's outcome? i spoke with my former colleagues, mike greenberg, mike golic, mike and mike in the morning for more. let's be honest, 35 of the strangest minutes in super bowl history last night. >> yeah, and awful. obviously. in every possible way, awful. what i'm really glad for is if the 49ers won the game, it would be much more of
, it must also pass the european parliament. the u.s. trade deficit unexpectedly narrowed in december. according to the commerce department, the trade gap fell on the drop of oil imports and hire exports. 16% say they are late at least once a week. the most common excuse is traffic. that is the latest from the fox business network. giving you the power to prosper. ♪ [ shapiro ] at legalzoom, you can take care of virtually all your imptant legal matters in just minutes. protect youramily... and launch your dreams. at legalzoom.com we put the law on your side. your financial advis should focus on your long-term goals, not their short-term agenda. [ male announcer ] join the nearly 7 million investors who thinlike you do. face time and think time make a difference. at edward jones, it's how we me sense of investing. dagen: talk about a recovery. the number of homes sold for $5 million or more hitting a record number in california last year. that is where we find robert gray. in the hollywood hills above los angeles with real estate agent, well, extraordinaire. tell him i am looking at
executive weekly gains. the dow is up 44 points. >>> the u.s. trade deficit unexpectedly narrowed in december on a drop in oil imports and higher exports. according to the commerce department the trade gap fell 21%. that is the smallest gap in almost three years. >>> because of stronger than expected trade report goldman sachs is boosting its fourth quarter gdp forecast. goldman did leave the estimate unchanged saying that stronger december trade is offset by weaker than expected wholesale inventories. that's the latest from the fox business, giving you the power to prosper melissa: so earlier lori rothman got a chance to speak so the ceo of citi mortgage. here she is. >> 30-year mortgage rates hovering at a four-month high, around 3 1/2% but mortgage applications continue to rise. so is this a sign that rates bottomed? no one better to ask than my next guest. he is the ceo of citi mortgage. sanjay, we're so thrilled to have you back. welcome. >> thank you. >> so interest rates rising, still at historic lows you were quick to point out to me earlier but even those couple of points
and that means getting the deficit down and creating some certainty for business so that they feel comfortable hiring and investing again and really getting the economy moving. >> brian: i'll give you an example. i was shocked to see so many people feel he's killing al-awlaki with drones in yemen. what if the president of the united states gives the green light to take out a pick pocket or someone of his political enemies. that's some of the buzz that goes on. how do you get rid of that? >> there have always been conspiracy theories. going back to the founding of the republic, but i think the main thing is, brian, to focus on those things that resonate with people in their daily lives. as i mentioned, job security and growing the economy, getting the deficit down. the country is still heading to an unsustainable debt situation. the cost of college, the cost of health care. those basic bread and butter issues that the government starts tackling those, i think these conspiracy theories will have a lot less traction. >> brian: you believe the middle is the place to get the country back, don't you
Search Results 0 to 49 of about 59 (some duplicates have been removed)

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